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8200 El Camino Real
Atascadero, CA 93422
Smart & Final Extra! · Retail Property For Sale

Investment Highlights

  • Single Tenant Absolute NNN Grocer - The entire collateral is wholly leased to Smart & Final, who subleases 18,660 square feet to Planet Fitness.
  • Absolute NNN Lease - Single tenant asset (subject to sublease with Planet Fitness) on an absolute NNN lease, with no landlord responsibilities.
  • Prominent Freeway Frontage and Visibility - Approx.800 feet of linear frontage and prominent monument signage along US Route 101.
  • Rare Embedded Annual Rent Increases - Smart & Final’s lease features annual 2% rent increases; providing consistent NOI growth for an investor.
  • Seasoned Tenant - Smart & Final has been in occupancy since 2016 and executed a new 16-year lease in 2019.
  • Affluent Household Demographics - Average household incomes of approximately $110,000 within a three-mile radius.

Property Facts

Property Type
Retail
Property Subtype
Supermarket
Building Size
57,513 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
6.98 AC
Zoning
CR

Amenities

  • Dedicated Turn Lane
  • Freeway Visibility
  • Signage

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 056-031-062
  • 056-031-061
Land Assessment
$8,366,388
Improvements Assessment
$11,103,874
Total Assessment
$19,470,262
  • Listing ID: 37054089

  • Date on Market: 7/31/2025

  • Last Updated:

  • Address: 8200 El Camino Real, Atascadero, CA 93422

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